SAMIL auctions over 7,900 pre-owned vehicles, assets worth Rs 215 cr

08 Mar 2022 CW Team

Shriram Automall India Limited (SAMIL) told the media that it auctioned over 7,900 pre-owned vehicles and other assets in one day and processed transactions worth over Rs 215 crore from more than 14,500 listings at SAMIL Utsav, its annual auction event.

The company further said that SAMIL Utsav is a phygital format auction conducted on 26 February every year.

According to a statement, more than 14,500 pre-owned vehicles and equipment across various segments like cars, trucks, construction, farm equipment, two and three-wheelers from a full spectrum of sellers across consumers, banks, Non-Banking Financial Companies (NBFCs), insurance companies, Original Equipment Manufacturers (OEMs), dealers, leasing, rental, aggregator firms, and many others were displayed and ramped.

CEO and Director of SAMIL, Sameer Malhotra, said that the company had created history in the pre-owned automobile industry by conducting more than 100 auctions to sell over 7,900 vehicles worth over Rs 215 crore in one day, participated by over 30,000 customers from 500 cities in the SAMIL Utsav.

Image Source

Also read: Shriram Automall closes deal with Ashok Leyland for commercial vehicles

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..